Big banks are closing down physical locations at a rapid pace. In just six weeks, between Thanksgiving 2024 and January 11th, 113 bank branches were shut down. Who’s Closing Branches? Several major players were involved in this wave of closures, including: Wells Fargo Bank of America JPMorgan Chase US Bank PNC Bank UMB Bank, a…
A popular crypto analyst, Altcoin Sherpa, is predicting some big moves for several cryptocurrencies. Let’s dive into his predictions: HYPE: A Glorious Pump? Sherpa believes HYPE, the token for the Hyperliquid exchange, is poised for a significant price increase. He’s predicting a “glorious” pump to $50, more than doubling its current value. He points to…
Grayscale and Coinshares are vying to launch the first Litecoin (LTC) spot ETF, sparking a lively debate in the crypto world. Some are thrilled, others are skeptical. The ETF Race Heats Up Coinshares filed paperwork with the SEC to launch their Litecoin ETF. Not to be outdone, Grayscale also filed to list their Litecoin Trust,…
Vitalik Buterin, the brains behind Ethereum, recently voiced some serious concerns about the new world of politician-backed memecoins. Let’s dive into what he’s worried about. The Trump Token Frenzy Remember that whole Trump token thing? It exploded onto the scene, racking up billions in trading volume and a massive market cap in just days. But…
Ethereum’s price is predicted to skyrocket, potentially reaching $20,000! This surge is fueled by increased institutional investment and potential government backing. While Ethereum offers exciting potential, it’s not the only game in town. Here are five other cryptocurrencies with impressive upside: 1. Wall Street Pepe ($WEPE): Empowering Retail Traders Wall Street Pepe ($WEPE) is a…
Bitcoin’s recent price action has some people wondering if the hype is fading. Let’s dive into some data to see what’s going on. Bitcoin Transaction Volume Takes a Dive Data from Glassnode, a blockchain analytics firm, shows a significant drop in Bitcoin’s total transfer volume. This “total transfer volume” measures the total amount of Bitcoin…
Two prominent cryptocurrency analysts, DonAlt and Cred, believe President Trump may have made a colossal financial mistake with his cryptocurrency ventures. They argue that the launch of a second coin, potentially undermined the massive success of his first. The Rise and Fall (So Far) of TRUMP Trump’s official memecoin, TRUMP, initially skyrocketed. Within days of…
Pulaski Savings Bank in Illinois has been shut down by US regulators, marking the first bank failure of 2025. This unexpected closure has prompted action from the Federal Deposit Insurance Corporation (FDIC). FDIC Takes Over The FDIC stepped in as receiver and quickly moved all deposit accounts and most assets to Millennium Bank. This swift…
Binance, a major cryptocurrency exchange, has launched a new cryptocurrency called Animecoin (ANIME). This “culture coin” aims to give anime fans a piece of the industry. Airdrop and Listing The exchange airdropped ANIME tokens to eligible users who held BNB, Binance’s native token. This was part of Binance’s HODLer Airdrop program, which rewards long-term BNB…
A new report reveals that the Securities and Exchange Commission (SEC), under Gary Gensler’s leadership, significantly reduced its crypto enforcement actions in 2024. Fewer Cases, Bigger Fines The number of crypto-related enforcement actions dropped by 30% in 2024, down to 33 cases from the previous year’s high. While fewer cases were filed, the total penalties…
